3 stories mentioning ABXX.TOUpdated 29m ago
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Abaxx Technologies' (ABXX.TO) trading exchange has launched 18 futures contracts with active trading in seven markets, since it began operations on June 28, 2024.The financial software and market infrastructure company said trading volume surpassed 1 million contracts year-to-date, a 581% jump from the 160,854 contracts in fiscal 2025.Price: $31.59, Change: $-0.35, Percent Change: -1.10%
Abaxx Technologies (ABXX.TO) shares fell 4.3% on Tuesday after it closed its previously announced upsized "bought deal" public offering raising $69 million, which includes the full exercise of the over-allotment option.The offering consisted of the issuance of 1.3-million common shares at $54.25 apiece.Proceeds will be used for the development and operation of its exchange and clearinghouse in Singapore, the development of its digital infrastructure business, and general corporate and working capital needs.Shares of the company were last seen down $2.50 at $56.20 on the Toronto Stock Exchange.Price: $55.53, Change: $-3.17, Percent Change: -5.40%
Abaxx Technologies (ABXX.TO) has upsized its previously announced bought deal offering to C$60 million from $50 million.The offering now comprises 1,106,000 shares at $54.25 per share, compared to 922,000 shares at the same price in the previous offering.The company agreed to grant underwriters an overallotment option for an additional $9 million in proceeds if fully exercised.Abaxx plans to use the proceeds for the operation of its exchange and clearinghouse in Singapore, to develop its digital infrastructure business, and for general corporate purposes and working capital.The offering is expected to close on or about June 2.
